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From Times Staff and Wire Reports
Lotus Development Corp.: The computer software firm reported a fourth-quarter loss of $31.6 million, contrasted with a profit of $29.4 million for the year-earlier period. Revenue for the quarter totaled $186.4 million, a 24% gain over the 1989 period. For 1990, the Cambridge, Mass.-based company reported net earnings of $23.3 million, a 66% decrease from 1989. The fourth-quarter loss reflected a charge of $53 million related to the acquisition of Samna Corp.
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